How Organisations in Asia Pacific Can Navigate the Path Towards Cyber Resilience
Snapshot:
- Cyber attack or data breach is the number one risk on the minds of business leaders across the Asia Pacific region.
- Navigating the path to cyber resilience is a complex risk management journey.
- Forward-looking strategies are essential to minimise financial, operational and reputational impacts from cyber events.
Reflecting the pervasiveness of cyber risks in an increasingly technology-driven regional economy, business leaders in the Asia Pacific region have ranked cyber attack or data breach as the number one risk facing their organisations today, and in the future, according to Aon’s latest Global Risk Management Survey
High-profile data breaches and ransomware attacks, an increased focus on data protection by securities and privacy regulators, and a recently hardening cyber insurance market, are key factors influencing the elevation of cyber risk to the top concern facing many C-suite leadership teams.
Results of our Global Risk Management Survey show one in five respondents in Asia Pacific reported that their organisation had lost income from cyber attacks and data breaches in the 12 months prior to taking the survey.
However, findings also highlighted only 20.8% of companies in Asia Pacific have developed business continuity plans to address cyber events, and only 24.1% have developed risk management plans.
Navigating the path to cyber resilience is a challenging risk management journey. Forward-looking strategies are essential to help minimise financial, operational and reputational impacts from cyber events.
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